Latest news with #LouisXIII
Telegraph
3 days ago
- Business
- Telegraph
French submarine-maker targeted by hackers
A French naval giant is investigating a potential cyber attack after hackers claimed to have obtained sensitive data about the country's nuclear submarines. Naval Group, a state-owned ship maker that traces its origins back almost 400 years to the reign of Louis XIII, said it had 'immediately launched technical investigations' after cyber criminals threatened to publish files on the dark web. The company builds and maintains key ships and submarines for the French Navy, including aircraft carriers and nuclear-powered submarines. These include France's Barracuda fleet of nuclear missile-armed submarines. In a post on a dark web forum, hackers claimed to have uncovered 'top-secret classified' data for 'submarines and frigates'. Hackers gave the company 72 hours to respond to the leak, with initial documents published online allegedly including source code for submarine weapon systems. The attackers have so far published around 30 gigabytes of data, although they claim to have far more information still to be disclosed. Naval Group has responded by insisting it had found 'no intrusion into our IT environments', and described it as a 'reputational attack'. A spokesman said: 'Naval Group has noticed being the target of a reputational attack with the claim of a cyber-malice act. We immediately launched technical investigations. 'All teams and resources are currently mobilised to analyse and verify the authenticity, origin and ownership of the data as quickly as possible. 'At this stage, no intrusion into our IT environments has been detected and there has been no impact on our activities.' The alleged hack comes amid a wave of cyberattacks against companies and governments. Last week, Microsoft admitted to a major flaw in its SharePoint document-sharing system, which is believed to have been exploited by hackers with links to China. Among the organisations targeted were the US National Nuclear Security Administration, which maintains America's nuclear arsenal, although no sensitive files were reported to have been taken. Naval Group is France's largest shipbuilder, employing more than 15,000 people with revenues of more than €4.4bn. The French government owns almost two-thirds of the business, with he remainder owned by Thales, the French defence giant.
IOL News
5 days ago
- Business
- IOL News
Cognac maker Remy Cointreau lifts guidance after China deal
Louis XIII cognac in a decanter. Louis XIII cognac in a decanter. Image: File. French drinks group Remy Cointreau lifted Friday its outlook for the year after a deal between the EU and China on cognac imports, but now expects a stiffer impact from US levies and the strong euro. The group, which makes Remy Martin and Louis XIII cognac as well as Cointreau orange liqueur, now targets a mid-to-high-single-digits decline in adjusted operating profit for its 2025-2026 financial year, compared with the mid-to-high-teens decline previously forecasted. A major reason behind the improvement is the agreement earlier this month by European brandy exporters to raise prices in China to avoid anti-dumping duties, ending temporary measures that were costing French cognac makers 50 million euros per month. Remy Cointreau now expects a hit of 10 million euros ($11.8 million) from Chinese measures this year, as opposed to the 40 million euros previously. But the company raised its forecast for the impact of US tariffs to 35 million euros, from 25 million previously. The European Union is scrambling to secure a trade deal with the United States before August 1, when Washington has threatened to hike baseline tariffs from 10 to 30 percent. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading The company maintained its forecast of a return to mid-single-digit sales growth stripping out currency changes for 2025-2026, but noted this was primarily due to a rebound from a low comparison base in the United States. Sales rose by 1.8 percent in the April to June quarter to 220.8 billion euros. The gain was 5.7 percent stripping out exchange rate fluctuations and other changes to the business. Quarterly sales in the United States rose from a low base, while they edged lower in Asia due to the Chinese levies and fell in Europe, the Middle East and Africa due to heightened competition and sluggish demand. The strong value of the euro -- it has climbed more than 13 percent against the dollar since the start of the year -- has been weighing upon the results of European companies when they convert foreign sales back into euros. Remy Cointreau said it now expects a negative currency effect impact on sales of between 50 and 60 million euros for its 2025-2026 financial year, up from its earlier estimate of 30 to 35 million euros. It also raised the currency effect impact on adjusted operating profit to between 15 and 20 million euros, compared to 10 to 15 million euros previously. Remy Cointreau's shares jumped around four percent as trading got underway in Paris, while the blue-chip CAC 40 index fell 0.7 percent. AFP
France 24
5 days ago
- Business
- France 24
Cognac maker Remy Cointreau lifts guidance after China deal
Tariffs and the strong euro are weighing upon Remy Cointreau's sales and profit The group, which makes Remy Martin and Louis XIII cognac as well as Cointreau orange liqueur, now targets a mid-to-high-single-digits decline in adjusted operating profit for its 2025-2026 financial year, compared with the mid-to-high-teens decline previously forecasted. A major reason behind the improvement is the agreement earlier this month by European brandy exporters to raise prices in China to avoid anti-dumping duties, ending temporary measures that were costing French cognac makers 50 million euros per month. Remy Cointreau now expects a hit of 10 million euros ($11.8 million) from Chinese measures this year, as opposed to the 40 million euros previously. But the company raised its forecast for the impact of US tariffs to 35 million euros, from 25 million previously. The European Union is scrambling to secure a trade deal with the United States before August 1, when Washington has threatened to hike baseline tariffs from 10 to 30 percent. The company maintained its forecast of a return to mid-single-digit sales growth stripping out currency changes for 2025-2026, but noted this was primarily due to a rebound from a low comparison base in the United States. Sales rose by 1.8 percent in the April to June quarter to 220.8 billion euros. The gain was 5.7 percent stripping out exchange rate fluctuations and other changes to the business. Quarterly sales in the United States rose from a low base, while they edged lower in Asia due to the Chinese levies and fell in Europe, the Middle East and Africa due to heightened competition and sluggish demand. The strong value of the euro -- it has climbed more than 13 percent against the dollar since the start of the year -- has been weighing upon the results of European companies when they convert foreign sales back into euros. Remy Cointreau said it now expects a negative currency effect impact on sales of between 50 and 60 million euros for its 2025-2026 financial year, up from its earlier estimate of 30 to 35 million euros. It also raised the currency effect impact on adjusted operating profit to between 15 and 20 million euros, compared to 10 to 15 million euros previously. Remy Cointreau's shares jumped around four percent as trading got underway in Paris, while the blue-chip CAC 40 index fell 0.7 percent. © 2025 AFP
Wall Street Journal
5 days ago
- Business
- Wall Street Journal
Remy Cointreau Lowers View on Tariff Hit Despite Industrywide Trade Disputes
French liquor company Remy Cointreau RCO 3.04%increase; green up pointing triangle said the impact of customs duties will be less than previously anticipated at a time when the beverage industry is currently embroiled in trade disputes in key markets. The maker of Louis XIII cognac said Friday that it now anticipates a maximum total net impact of 45 million euros ($52.9 million) in fiscal 2026 compared with a prior estimate of 65 million euros.
The Sun
05-07-2025
- Entertainment
- The Sun
M'sian man's RM100k-odd KTV bill goes viral, leaves netizens gasping
A jaw-dropping KTV bill totaling RM97,760.65 for 30 minutes of fun has sent shockwaves across social media after a photo of the receipt went viral. Dated June 27 at 11.28pm and settled by 12.03am the next day, the bill showed three bottles of Louis XIII cognac as the highlight of the night—costing a whopping RM78,888.00. ALSO READ: RM30 mixed rice drama: Customer gets 'reality check' after decade of loyalty, Internet takes sides Other charges included RM300 tips each for staff and Public Relations Members (PRMs), adding the bill to RM82,948.00. Once a 10% service charge and 8% SST were added, the total ballooned to nearly RM98K—an amount that left many netizens reeling, especially considering the SST alone could buy a brand-new motorcycle in Malaysia. While some defended the splurge, saying it's the spender's prerogative, others questioned whether the high-end cognac was intentionally overpriced to rake in profits. The post on Sarawak Viral's Facebook page also drew waves of hilarious comments, with netizens cracking jokes. 'Damn, seriously. Better to just drink lime and asam boi juice—costs way less,' one user called Min Mohd commented. 'Even if I were rich, I wouldn't want that—I'd rather buy my own karaoke set, get drunk at home, and sleep it off,' Akira Tomm wrote. 'Does BP (in the receipt) stand for Blood Pressure...? Just asking,' Chilly Sweet commented jokingly.
